Dolomite Adds $100 Million in Bitcoin Collateral, Integrates Concrete’s BTCcx

Dolomite—a decentralized trading and lending platform—has announced the successful onboarding of $100 million worth of Bitcoin-backed collateral to its on-chain lending market, powered by BTCcx infrastructure built by Concrete. BTCcx is an on-chain token issued and fully managed by Concrete, backed 1:1 by Bitcoin held in qualified custody by BitGo, and deployed on Ethereum. Concrete not only issues and operates BTCcx across its full lifecycle but also directly supplies it as collateral to Dolomite to support user-managed borrowing positions—enabling collateralization and lending without selling or removing the underlying Bitcoin from BitGo custody. This integration marks Concrete’s second collaboration with Dolomite, following WLFIcx…